In modern businesses, CFOs must manage working capital adequately and reduce Days Sales Outstanding (DSO) for efficient Accounts Receivable process. However, traditional manual AR processes often present daunting challenges in achieving this goal.
Managing and optimizing Accounts Receivable (AR) collections …
The role of a CFO isn’t just about crunching numbers. They’ve become the linchpin of all business operations, including procurement and payment.
Statistics show a strong correlation between an efficient procurement process and healthy organizational performance.
Today, less than 20% …
You’ve probably heard the saying, “Coming together is a beginning, staying together is progress, and working together is a success.” This can apply to many areas of life, work or otherwise, but it’s especially true about the relationship between businesses …
The Bharat Bill Payment System (BBPS) has been a game-changer for bill payments in India, offering a unified platform for all billers and customers to interact seamlessly. However, businesses across India have been struggling with outdated and inefficient Business-to-Business (B2B) …
In recent years, CFOs have expanded their roles to include marketing, compliance, operations, and technology innovation including GenAI exploration. The business world is fiercely marching towards scale – the enabler of this pace and innovation for several industries can be …
Since the boom of digital transformation, transactions have become online and accountants have shifted from piles of ledger books to accounting software.
However, business owners and accountants are struggling to unlock the full potential of their SBI current accounts and …
Union Budget 2023 is coming soon – it is that time of the year again when businesses and commoners listen keenly to every word of the Finance Minister on how the Govt. will allocate funds and amend rules across various …
D2C (Direct-to-Customer) businesses are typically defined as eCommerce businesses that sell directly to their customers, i.e., without any involvement of retailers, distributors, vendors, resellers, etc., in the sales journey. Generally, this translates to a majority of conversions happening through digital …
Everyone will remember the Union Budget 2022 for its brevity. The Budget proposed measures for micro, small and medium enterprises (MSMEs), which contribute over 30 percent to the country’s GDP, to help them recover from the pandemic. Apart from this, …
The one mantra we at Open live by is that — “The groundwork for all happiness is good health!”
We like to deal with uncertainties head-on. In that spirit, Open is sponsoring Covid-19 vaccines for all of its 300+ Openers …
